The document compares the costs and benefits of renting a Murray apartment versus buying a Murray condominium over a three year period. Renting the apartment would cost $33,264 in rent, while buying the condo would cost $27,360 in monthly payments plus $6,516 in HOA fees, but would build $15,000-$21,000 in equity over the three years. The document encourages renters to buy instead of continuing to pay rent in order to start building personal wealth.

1. rent vs. buy
Murray Apartment or Murray Condo?

2. Murray Apartment

3. Murray
Condominium

4. Let's take a look....
Murray Apartment - 2 bed/1 bath
• $ 199.00 Initial Deposit
• $ 20/month Renter's Insurance
• $ 925/month Rent
• Restricted use of property (paint color,
improvements, etc.)
Murray Condominium - 2 bed/1 bath
• Purchase Price - $ 93,000
• 5% Down Payment - $ 4,650
• Loan Amount - $ 88,350
• payment - PITI* - $ 579/month
• HOA - $ 181/month
• Total Payment - $ 760/month
*principal/interest/taxes/insurance

5. Let's take a look....over 3 years
Murray Apartment - 2 bed/1 bath
• $ 925/month x 36 months - $ 33,264 to
the landlord
• $ 720 - 36 months Renters Insurance
• $ 0 - Equity after 3 years
Murray Condominium - 2 bed/1 bath
• $ 760/month x 36 months = $ 27,360
• $ 181 HOA x 36 months = $ 6,516
• Approximate Equity after 3 years -
$15,000 - $ 21,000
That's money to YOU!

6. Stop paying your
landlord and start
building your
personal wealth.
As a current renter you have a lot of options and loan programs
available to you.

7. Lowest Priced Condo In The Complex!
$ 93,000
Jordan McQueen - Residential Sales Specialist
The McQueen Team at Keller William Utah
Realtors
801-647-6763
jordan@mcqueenteam1.com

8. www.utahprops.com
The best place to find your perfect home!